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Should Turkey Be Raising Interest Rates?

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It’s only the second trading day in 2017, and Turkish assets are already having a bad year.

The lira sank the most among the world’s major currencies to an all-time low after inflation quickened to 8.53 percent last month, 53 basis points above one of the nation’s key interest rates. That erodes the yield on Turkish assets already under pressure from growing security concerns and adds pressure on the central bank to raise borrowing costs.

Bloomberg

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Craig Erlam

Craig Erlam

Former Senior Market Analyst, UK & EMEA at OANDA
Based in London, Craig Erlam joined OANDA in 2015 as a market analyst. With many years of experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while producing macroeconomic commentary.

His views have been published in the Financial Times, Reuters, The Telegraph and the International Business Times, and he also appears as a regular guest commentator on the BBC, Bloomberg TV, FOX Business and SKY News.

Craig holds a full membership to the Society of Technical Analysts and is recognised as a Certified Financial Technician by the International Federation of Technical Analysts.
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